dominates the financing landscape and public debt is high. DAC members and other donors can strengthen the humanitarian …

a second serious recession in 2011 because of the sovereign debt crisis. The reaction of Italian governments was mild at … the beginning and more convinced since the start of the sovereign debt crisis in 2011. Adopted policies contributed to … Italian economy to reduce the level of public debt and to return to sustained economic growth, which has been very weak for …

a second serious recession in 2011 because of the sovereign debt crisis. The reaction of Italian governments was mild at … the beginning and more convinced since the start of the sovereign debt crisis in 2011. Adopted policies contributed to … Italian economy to reduce the level of public debt and to return to sustained economic growth, which has been very weak for …

We compare the experience of Latin American external debt crises, in particular the one in the 80s, with the current … larger debt relief in Europe. To address the moral hazard problems that would arise, we propose providing such relief …

in times of crises. After voting on that level, society votes on the extend to which it will be financed by debt. Under … entitlement. Some social groups do better in this rationing process than others. We show that public debt - which makes crises … decisive voter when choosing expenditure may be different from the one when voting on debt. In such a case, constitutional …

Episodes of debt accumulation have been a recurrent feature of the global economy over the past fifty years. Since 2010 …, emerging and developing economies have experienced another wave of historically large and rapid debt accumulation. Similar past … debt buildups have often ended in widespread financial crises in these economies. This paper examines the factors that are …

article, we use the case of a hypothetical euro area country (Italy) with a large debt stock and a known vulnerability to … confidence crises to set forth its options, as of 2019, to anticipate a possible future debt restructuring. It can: do nothing …

A mechanism to restructure the debt of an insolvent euro country is a missing element in the emerging institutional …

closed the second pillar and plans to use up the released capital to reduce the government deficit, debt and finance public …